The cryptocurrency industry can still be confronted with problems related to uncover in the United States, despite the recent wave of positive legislation, according to crypto regulatory experts and industry leaders.
The collapse of Crypto friendly banks at the beginning of 2023 sparked the first allegations of Operation Chokepoint 2.0. Critics, whose venture capital Nic Carter described it as a government effort to put pressure on banks to reduce links with cryptocurrency companies.
Despite numerous positive crypto decisions by American president Donald Trump, including the order of March 7 to use Bitcoin (BTC) seized in government criminal cases to establish a national reserve, the industry could still be confronted with banking problems.
“It is premature to say that the gambling is over,” according to Caitlin Long, founder and CEO of the Custodia Bank. Long said during the Daily X Cointelegraph chainrection on March 21:
“There are two friendly banks in cryptocurrency by the Fed right now and an army of examiners has been sent to these banks, including the examiners of Washington, a literal army that simply stifled banks.”
Source: Cointelegraph
“The Fed is the aberrant value and the Fed is always controlled by the Democrats,” said a long time, adding:
“Trump will not have the capacity to appoint a new governor of the Fed before January. So you can see the breadcrumbs leading to a potentially important fight. Because if the OCS and the FDIC overturn their anti-Crypto advice but the Fed does not do so, where does that leave us? “
Long’s Custodia Bank has been targeted on several occasions by the United States’s debanking efforts, which cost the months of work and “a few million dollars,” she said.
The indignation of industry in the face of an alleged dispenser reached a crescendo when a trial of June 2024 led by Coinbase led to the publication of letters showing that American bank regulators have asked certain financial institutions to “take a break” of crypto-banque activities.
In relation: President of the FDIC, “Architect of Operation Chokepoint 2.0” Martin Gruenberg to resign on January 19
Crypto Debanking is the biggest EU operational problem: the Blockchain Regulations Advisor
The gambling of cryptocurrency is also among the biggest challenges for European cryptocurrency companies, according to Anastasija Plotnikova, co-founder and CEO of the Fidideum Blockchain Regulation Company.
“We live in 2025 and the gambling is still one of the main operational problems for small and large cryptographic companies,” said Plotnikova, adding:
“The gambling of cryptography is also a problem here in the EU. I entered my accounts in 2017, 2018, 2019, 2021 and 2022, but 2024 was a happy new year. Operationally, these problems exist for users and cryptographic companies operating. ”
In relation: Paolo Ardoino: competitors and politicians intend to “kill the attachment”
The comments occur two weeks after the US office of the Currency Controller (OCS) attenuated his position on how banks can engage with the crypto only a few hours after the American president Donald Trump has promised to end prolonged repression restricting access to cryptographic companies.
Trump’s remarks were made at the White House cryptography summit, where he told the industry leaders that he “ended the ChokePoint 2.0 operation.
Source: Elon Musk
At least 30 founders of Tech and Crypto were “secretly debaked” in the United States during the ChokePoint 2.0 operation, Cointelegraph reported in November 2024.
https://www.youtube.com/watch?v=JMQJ01_ZKA8
Review: The U-turn of the dry on the crypto leaves key questions unanswered
